US consumer inflation expectations are on the rise – NY Fed
Median one-year price rise expectations increase to 2.98% in April from 2.75% in March
Consumer inflation expectations in the US rose to almost 3% in April from 2.75% in March, according to the latest survey of consumer expectations carried out by the Federal Reserve Bank of New York.
Median household spending growth expectations increased to 3.3%, above the 2.9% averaged over the last 12 months, says the survey. Additionally, “expectations for home price growth rose to 3.7% – the highest reading since November 2014 and above a trailing 12-month average of 3.3%.”
But the level
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